Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, TD Cowen Analyst Says

Burlington Stores (NYSE:BURL) had its price target lifted by analysts at TD Cowen from $288.00 to $334.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 16.40% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup boosted their price objective on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Bank of America boosted their price objective on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley boosted their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $301.06.

Burlington Stores Price Performance

NYSE:BURL opened at $286.94 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $18.27 billion, a P/E ratio of 43.19, a P/E/G ratio of 1.46 and a beta of 1.64. Burlington Stores has a 12 month low of $168.49 and a 12 month high of $298.89. The business’s 50-day moving average is $261.73 and its 200 day moving average is $248.76.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts forecast that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp boosted its position in Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after acquiring an additional 47 shares in the last quarter. Tributary Capital Management LLC boosted its position in Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares in the last quarter. GAMMA Investing LLC boosted its position in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC boosted its position in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares in the last quarter. Finally, Mount Lucas Management LP boosted its position in Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares in the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.